UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 3)*
Under the Securities Exchange Act of 1934
EUPHONIX, INC.
-----------------------------
(Name of Issuer)
Common Stock
-----------------------------
(Title of Class of Securities)
298416 10 8
-----------------------------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 9 pages
<PAGE>
<TABLE>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 298416 10 8 Page 2 of 9 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ONSET Enterprise Associates, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
Delaware
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 944,335
SHARES -------- --------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH REPORTING - 0 -
PERSON WITH -------- --------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
944,335
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
- ----------------------------- -------- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
944,335
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.9%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 2 of 9 pages
<PAGE>
<TABLE>
<S> <C> <C>
- -------------------------------------------- ------------------------------------
13G
CUSIP No. 248416 10 8 Page 3 of 9 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
OEA Management, L.P.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
Delaware
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 944,335
SHARES -------- --------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH REPORTING - 0 -
PERSON WITH -------- --------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
944,335
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- 0 -
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
944,335
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- ------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.9%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 3 of 9 pages
<PAGE>
<TABLE>
<S> <C> <C>
- ------------------------------------------- ------------------------------------
13G
CUSIP No. 298416 10 8 Page 4 of 9 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robert F. Kuhling, Jr.
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 587
SHARES -------- --------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH REPORTING 944,335
PERSON WITH -------- --------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
587
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
944,335
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
944,922
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.91%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 4 of 9 pages
<PAGE>
<TABLE>
<S> <C> <C>
- --------------------------------------------- ------------------------------------
13G
CUSIP No. 298416 10 8 Page 5 of 9 Pages
- --------------------------------------------- ------------------------------------
- --------- -------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Terry L. Opdendyk
- --------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------- -------------------------------------------------------------------------------------------------------------
4 Citizenship or place of organization
United States
- ----------------------------- -------- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 587
SHARES -------- --------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH REPORTING 944,335
PERSON WITH -------- --------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
587
-------- --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
944,335
- --------- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
944,922
- --------- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.91%
- --------- -------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------- -------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTION BEFORE FILLING OUT!
</FN>
</TABLE>
Page 5 of 9 pages
<PAGE>
Item 1.
(a) Name of Issuer: Euphonix, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
220 Portage Road
Palo Alto, CA 94306
Item 2.
(a) Name of Person Filing:
ONSET Enterprise Associates, L.P. ("OEA")
OEA Management, L.P. ("OEAM")
Robert F. Kuhling, Jr. ("Kuhling")
Terry L. Opdendyk ("Opdendyk")
(b) Address of Principal Business Office:
2490 Sand Hill Road
Menlo Park, CA 94025
(c) Citizenship/Place of Organization:
OEA: Delaware
OEAM: Delaware
Kuhling: United States
Opdendyk: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 298416 10 8
Item 3. Not applicable.
Page 6 of 9 pages
<PAGE>
<TABLE>
Item 4 Ownership.*
- ------ ------------------------ -------------- ----------------- --------------- -----------------
<CAPTION>
OEA OEAM Kuhling Opdendyk
- ------ ------------------------ -------------- ----------------- --------------- -----------------
<S> <C> <C> <C> <C>
(a) Beneficial Ownership 944,335 944,335 944,922 944,922
- ------ ------------------------ -------------- ----------------- --------------- -----------------
(b) Percentage of Class 16.9% 16.9% 16.91% 16.91%
- ------ ------------------------ -------------- ----------------- --------------- -----------------
(c) Sole Voting Power -0- -0- 587 587
- ------ ------------------------ -------------- ----------------- --------------- -----------------
Shared Voting Power -0- -0- 944,335 944,335
- ------ ------------------------ -------------- ----------------- --------------- -----------------
Sole Dispositive Power 944,335 944,335 587 587
- ------ ------------------------ -------------- ----------------- --------------- -----------------
Shared Dispositive -0- -0- 944,335 944,335
Power
- ------ ------------------------ -------------- ----------------- --------------- -----------------
<FN>
* In addition to the above, NEA ONSET Partners, Limited Partnership ("NEA
ONSET') is a general partner of OEAM and hence, may be deemed to share voting
and dispositive power over the 944,335 shares beneficially owned by OEAM and
OEA. Similarly, each of Cornelius C. Bond, Jr., Frank A. Bonsal, Jr., Nancy L.
Dorman, C. Richard Kramlich, Arthur J. Marks, Thomas C. McConnell, Charles W.
Newhall, and C. Woodrow Rea, Jr., the eight general partners of NEA ONSET may
be deemed to share any voting and dispositive power deemed to be held by NEA
ONSET. [X]
</FN>
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Under certain circumstances set forth in the partnership agreements of each of
OEA and OEAM, the general and/or limited partners of each such partnership have
the right to receive dividends from, or the proceeds from the sale of, the
Common Stock of Issuer beneficially owned by each such partnership.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group
No reporting person is a member of a group as defined in Section
240.13d-1(b)(1)(ii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
EXHIBITS
A: Joint Filing Statement
Page 7 of 9 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: March 12, 1998
ONSET Enterprise Associates, L.P.
By: OEA Management, L.P., its general partner
By: /s/ Terry L. Opdendyk
----------------------------------
General Partner
OEA Management, L.P.
By: /s/ Terry L. Opdendyk
-------------------------------------
General Partner
/s/ Robert F. Kuhling, Jr.
- ----------------------------------------
Robert F. Kuhling, Jr.
/s/ Terry L. Opdendyk
- ----------------------------------------
Terry L. Opdendyk
Page 8 of 9 pages
<PAGE>
Exhibit A
We, the undersigned, hereby express our agreement that the attached
Schedule 13G is filed on behalf of us.
Date: March 12, 1998
ONSET Enterprise Associates, L.P.
By: OEA Management, L.P., its general partner
By: /s/ Terry L. Opdendyk
---------------------------------
General Partner
OEA Management, L.P.
By: /s/ Terry L. Opdendyk
-----------------------------------
General Partner
/s/ Robert F. Kuhling, Jr.
- --------------------------------------
Robert F. Kuhling, Jr.
/s/ Terry L. Opdendyk
- --------------------------------------
Terry L. Opdendyk
Page 9 of 9 pages
